Buy & Sell Bulgaria Insight Newsletter

By Lili Gospodinova

Eurolink Investment Groups’s (EIG) Annual Conference was successfully closed with an enjoyable gala dinner and an up beat message from the Chairman Mr. Violaris, who thanked all who supported the company in the last years and wished a fruitful and productive cooperation to those new investors and associates currently engaged with the company.

‘The Eagle Has Landed’ event started on Wednesday night (8th October) with a welcoming drink at the hotels lobby bar, where all the attendees had a chance to greet and enjoy a pleasant evening together.

Following a much needed rest, the Conference started on Thursday (9th October) morning. Mr. Alan Coleman, former Sales Director of EIG, introduced the panel and work kicked off. The Group’s Chairman Mr. Christopher Violaris, opened the conference with a meaningful speech, followed by Prof. Ivan Nikiforov, Team Leader of the new General Town Plan of Varna; Mr. Stelios Iacovides, Group business consultant, who revealed the new Corporate Identity of EIG; Mr. Henik Siebken, Project Director of our strategic partner Nordic Development Group (NDG), explaining the company’s involvement with EIG; Mr. Frank O’Dowd, golf course designer and golf course builder, who talked about the design and construction of EIG’s two golf courses - Aphrodite Hills and Royal Oakwood; Mr. Henry Tondovski, banker & investment consultant together with Thorsten Eggert, Investment consultant for South Africa, both providing insight to the investment opportunities in Varna.

Following the conference, there was a cruise on the Varna Lake, where investors and guests had a chance to view the company’s land and investments from a different point. This was followed by a gala dinner in the evening which was accompanied by a jazz band, tap-dancer and excellent food.

Finally on Friday (10th October), a number of round table sessions were held, where investors had the chance to enjoy a one-on-one with Mr. Violaris and discuss their individual investments or any concerns they might have had.

The conference was successfully closed on Friday 10th October with many of the guests voicing their thanks and best wishes to the company.

Click here to view photos from the conference, and here for short video .

10th Oct, Morski Trud daily

The neighbourhood of Galata and the villages of Konstantinovo and Zvezditsa will have another 60 000 people, mainly young families, living in the area within the next 10 years. The region will become an attractive place for living. In some projects after the Asparuhov Bridge, prices reach € 1800-2000 per sq.m., said the Chairman of ‘Eurolink Investment Group’, Mr. Christopher Violaris. The main themes discussed at the ‘Eagle Has Landed’ conference were the challenges before the market of real estate, the New General Town Plan and the above mentioned areas, as well as the 2 golf courses, Royal Oakwood and Aphrodite Hills.

According to Mr. Violaris, Varna, as it is today, will be referred to as the old city and the new one will be located on the other side of the lake, with a modern centre and good infrastructure. Investors from Europe, Malta, Cyprus and South Africa showed interest towards those regions. This is one of the reasons why family homes and residential complexes will be an alternative to the panel apartments.

After the approval of the New General Town Plan, near the village of Konstantinovo, over an area of 600 decares of land, an Ethnographic village will be built and it will be similar to the one near the town of Gabrovo, ‘Etara’ (http://www.etar.org/index-en.htm), is what Eurolink Investment Group announced.

13^th Oct, 2008, Martin Markov, “Narodno Delo” daily

From left to right: Alan Coleman, Alexander Nikolov, Christopher Violaris

Varna’s Beverly Hills is being planned in the region beyond the Varna Sea lake. The villages of Konstantinovo, Zvezditsa and the quarter of Galata will become the most attractive places to live, brokers predicted at a seminar devoted to land investments. In some projects across the Asparuhov bridge prices will reach € 1800 - 2000 per square meter, said the Chairman of Eurolink Investment Group, Mr. Christopher Violaris. Between 40 thousand and 60 thousand people are going to settle in the region over the next ten years, revealed Alexander Nikolov, Deputy MD of the company. His calculations were based on the prognosis in the draft of the General Town Plan (GTP) of Varna.

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13^th Oct, 2008, by Doroteia Stoyanova, “Construction - Properties” daily

A new luxurious residential complex is to be developed to the South West of Varna. The investment projects are of the company Eurolink Investment Group, owner of 13 000 decares of land in the area of the village of Konstantinovo. According to Mr. Violaris, Chairman of the company, the new neighborhood will consist of 3-floor family houses. “This is a long-term project, which will be finalized within the next 10 years”, commented Mr. Violaris. He advised that during the construction of the complex, the nature in the region will be preserved to the maximum, which will turn the area into an attractive residential spot. The prognosis, provided in the General Town Plan of Varna, show that during the next 10 years another 40 000 to 60 000 people will populate the area.

According to Mr. Violaris, the World’s financial crisis will not affect the Real Estate Market in Bulgaria. “Citizens from Denmark, Malta, Great Britain and even South Africa are interested in living and working here. However, up to now their interest was toward holiday homes, while in future more demand will be directed towards residential buildings, especially family houses”, said Mr. Violaris

Construction work on the luxurious residential neighborhood will start right after the approval of the General Town Plan of Varna. This is expected to happen not later than March, 2009. At present, negotiations for the construction of a marina are carried out with a specialized company, revealed Mr. Violaris. The first stage of the realization of the project is expected to finalize within the next 3-4 years.

According to the preliminary assignment of the General Town Plan of Varna, the area to the South and South West of Varna is expected to turn into a satellite village. The residential zone will include all housing areas of Zvezditsa nad Konstantinovo, as well as the new agricultural terrains. There is also another idea of having a secondary centre with administrative buildings, techno-park, church, university, sports playground, etc.

By Lili Gospodinova

It is with great pleasure to announce to you that the winner of Choose Life’s Talent competition with Best Song, Goran Ivanov, won the first place, among 20 kids, in the TV show “Who is more-more-the most”, which casting was held on 4^th Oct. Here is what the Narodno Delo daily wrote about him:

The young boy from Varna, Goran Ivanov, will sing on national TV on 13^th Oct, at 10 am, in the children’s program “Mum’s hour”. Goran has taken after his grandmother, Lili Tsvetkova, which is a singer herself and leads her grandson into the folklore world. We will also see him on 18^th Oct, at 8 am, on the TV show “Who is more-more-the most”, where he won the title “Mister”. The kid was first to be chosen for the show at a preliminary casting done among 20 others, said his grandmother.

Congratulations Goran, we are all so very proud of you!

There are many birthday boys and girls in October. Our colleague Aylin Usein (Receptionist at Eurolink Investment Group), Stelios Violaris (the MD’s son), and our clients and good friends Ruth Finnie, Colin Sharp, Claire Eggington, Colin Trodden, Ann Stewart, Shane Guiver, Tatjana Kurilo, Feidias Matthaiou, Georgios Skarlatos and Gordon Spiteri, have their special day this month. We would like to wish them all Many Happy Returns and the best of luck!

It is our company policy to celebrate all Great Events!!!